Imperial Petroleum Inc. (NASDAQ:IMPPP) Short Interest Down 43.3% in January

Imperial Petroleum Inc. (NASDAQ:IMPPP) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 434 shares, a decrease of 43.3% from the December 31st total of 766 shares. Based on an average daily volume of 550 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 550 shares, the short-interest ratio is presently 0.8 days.

Imperial Petroleum Stock Down 1.2%

IMPPP traded down $0.31 during trading on Friday, reaching $25.63. The company had a trading volume of 1,097 shares, compared to its average volume of 1,046. The business has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $25.61. Imperial Petroleum has a 52 week low of $22.91 and a 52 week high of $27.50.

Imperial Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Wednesday, December 24th were issued a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Wednesday, December 24th.

Imperial Petroleum Company Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers. As of April 1, 2024, the company owned and operated a fleet of six medium range refined petroleum product tankers; one Aframax tanker; two suezmax tankers; and two handysize drybulk carriers with a total capacity of 791,000 deadweight tons.